Increasing value can mean a couple of different things when it comes to maintaining and upgrading your community. First and foremost, it gives management teams good reason to increase leasing prices. Second, it provides greater "curb-appeal" value to prospective residents looking for the perfect place to call home. Many prospects want to maximize their lifestyle within their budget, and increasing the value of your community is one way to approach this in a real and actionable way.

Making internal renovations to units hits both marks. With fully upgraded kitchen, flooring, appliances, and more, you'll be able to increase leasing prices on the unit. Additionally, having a fully upgraded living space is attractive to prospective residents looking for someplace fresh to call their new home. Some of the most valuable internal upgrades you can make include new kitchen appliances like a new stove or refrigerator, as well as new flooring to immediately freshen up the space.

Improved parking is another investment you can make to increase the value of your community. This can be as simple as assigning already existing parking spaces to allow residents a reserved space near to their unit, or as complex as building new overflow lots to make having guests easier.

Another way to greatly increase the value of your community (and create a potential upselling opportunity) is through self-storage. Having self-storage units built onto the property allows residents a convenient location to store seasonal or extra belongings, a feature that's particularly beneficial for those downsizing when they move in. Storage units can come with residential units for an upgraded leasing price, or they can be an additional feature residents can pay extra for if they choose to use them.

Lastly, improved lighting around your community increases value while also increasing safety. The improved safety can be a big selling point for prospective residents, while such an upgrade improves curb-appeal and security for current residents.

At OccupancySolutions.com, we know how important it is to keep your community modern, attractive, and ahead of the competition. For more ideas on increasing the value of your community, contact us today.